BlackRock Inc. raised its position in shares of Quaker Chemical Corp (NYSE:KWR) by 3.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,646,283 shares of the specialty chemicals company’s stock after purchasing an additional 50,506 shares during the quarter. BlackRock Inc. owned 12.38% of Quaker Chemical worth $248,242,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in Quaker Chemical by 17.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 638,073 shares of the specialty chemicals company’s stock valued at $95,041,000 after purchasing an additional 94,167 shares in the last quarter. GW&K Investment Management LLC boosted its holdings in shares of Quaker Chemical by 1.7% during the 4th quarter. GW&K Investment Management LLC now owns 117,249 shares of the specialty chemicals company’s stock valued at $17,680,000 after acquiring an additional 2,002 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Quaker Chemical by 6.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 82,213 shares of the specialty chemicals company’s stock valued at $12,397,000 after acquiring an additional 4,758 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Quaker Chemical by 52.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 58,818 shares of the specialty chemicals company’s stock valued at $8,702,000 after acquiring an additional 20,289 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of Quaker Chemical by 2.5% during the 3rd quarter. California Public Employees Retirement System now owns 51,248 shares of the specialty chemicals company’s stock valued at $7,582,000 after acquiring an additional 1,248 shares during the last quarter. Institutional investors and hedge funds own 92.22% of the company’s stock.
Shares of Quaker Chemical Corp (NYSE:KWR) opened at $157.43 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.06 and a current ratio of 2.63. The stock has a market cap of $2,102.37, a PE ratio of 104.26, a PEG ratio of 2.63 and a beta of 1.34. Quaker Chemical Corp has a 1-year low of $126.18 and a 1-year high of $165.93.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Monday, April 16th will be issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, April 13th. Quaker Chemical’s payout ratio is 94.04%.
A number of brokerages have recently issued reports on KWR. ValuEngine downgraded shares of Quaker Chemical from a “buy” rating to a “hold” rating in a report on Friday, December 1st. B. Riley set a $165.00 price target on shares of Quaker Chemical and gave the company a “hold” rating in a report on Monday, November 20th. TheStreet downgraded shares of Quaker Chemical from a “b” rating to a “c+” rating in a report on Monday, March 5th. Finally, Zacks Investment Research raised shares of Quaker Chemical from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $163.50.
In related news, CEO Michael F. Barry sold 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $160.13, for a total value of $200,162.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP D Jeffry Benoliel sold 3,625 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $150.38, for a total transaction of $545,127.50. Following the completion of the transaction, the vice president now directly owns 5,827 shares in the company, valued at approximately $876,264.26. The disclosure for this sale can be found here. In the last three months, insiders sold 9,186 shares of company stock worth $1,399,442. 3.60% of the stock is currently owned by insiders.
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Quaker Chemical Profile
Quaker Chemical Corporation is a provider of process fluids, chemical specialties, and technical expertise to a range of industries, including steel, aluminum, mining, aerospace, tube and pipe, cans and others. The Company’s segments include North America, Europe, Middle East and Africa (EMEA), Asia/Pacific and South America.
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